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What’s Really Driving Oil Prices?

What’s Really Driving Oil Prices?

With all of the daily…

Trump’s Big Biofuel Package Has No Teeth

Trump’s Big Biofuel Package Has No Teeth

The Trump administration has just…

News

Nigeria’s Oil Industry Faces An Existential Risk

Nigeria’s Oil Industry Faces An Existential Risk

Oct 18, 2019 at 13:01 | Tsvetana Paraskova

Nigeria risks disruption in oil and gas supplies and power generation, due to declining exploration activity and depleting oil reserves, the Nigerian Association of Petroleum Explorationists (NAPE) has warned.…

Drilling Giant Posts $11 Billion Loss

Drilling Giant Posts $11 Billion Loss

Oct 18, 2019 at 12:31 | Tsvetana Paraskova

The world’s largest oilfield services provider, Schlumberger (NYSE:SLB), reported on Friday a net loss of US$11.38 billion for the third quarter, compared to a US$644-million profit for Q3…

“Of Course Not”: Venezuela Slams Russian Takeover Rumors

“Of Course Not”: Venezuela Slams Russian Takeover Rumors

Oct 18, 2019 at 11:14 | Tsvetana Paraskova

Venezuela will not hand over control of its cash-strapped state oil firm PDVSA to Russian oil giant Rosneft, a close aide to Nicolas Maduro told Russian news agency RIA…

Lightning Strike Disrupts Key Oil Pipeline

Lightning Strike Disrupts Key Oil Pipeline

Oct 18, 2019 at 10:03 | Tsvetana Paraskova

The main UK North Sea crude oil transport route, the Forties pipeline, was shut down in the early hours on Friday after a lightning strike caused a power surge, the…

Protests Force Norway To Scrap Ambitious Wind Project

Protests Force Norway To Scrap Ambitious Wind Project

Oct 18, 2019 at 09:38 | Irina Slav

Public opposition has forced the Norwegian government to scrap plans for large-scale onshore wind power development, Recharge News reports. The outlet quoted a statement from the Norwegian Water Resources…

World’s Largest IPO Delayed Once Again

World’s Largest IPO Delayed Once Again

Oct 18, 2019 at 09:04 | Irina Slav

Just days after people close to the preparations for Aramco’s IPO said Riyadh was due to official greenlight the deal this week, other sources told Reuters the IPO would…

Gulf Of Mexico Oil Companies Brace For Tropical Cyclone

Gulf Of Mexico Oil Companies Brace For Tropical Cyclone

Oct 17, 2019 at 16:37 | Julianne Geiger

US oil producers are keeping a close eye on what the US National Hurricane Center is calling Potential Tropical Cyclone Sixteen, S&P Global Platts reported on Thursday. The NHC has…

Mexico Vows To Expose Oil Firms Pedaling False Promises

Mexico Vows To Expose Oil Firms Pedaling False Promises

Oct 17, 2019 at 14:37 | Tsvetana Paraskova

Mexican President Andrés Manuel López Obrador threatened on Thursday to publicly name the oil companies which have delayed their promised investments into Mexico’s oil sector. “The majority of these…

Australia's $11 Billion Gas Project Is Ahead Of Schedule

Australia's $11 Billion Gas Project Is Ahead Of Schedule

Oct 17, 2019 at 14:26 | Tsvetana Paraskova

Australia’s largest independent gas producer, Woodside, aims to take the final investment decision (FID) on the US$11-billion Scarborough project early next year, sooner than its previous timetable at some point…

Syria Invasion Forces Russia To Halt Oil Projects

Syria Invasion Forces Russia To Halt Oil Projects

Oct 17, 2019 at 14:18 | Tsvetana Paraskova

Russian oil giant Rosneft has temporarily suspended works at one block in Iraq’s semi-autonomous region of Kurdistan due to security concerns because of the blocks’ proximity to the Syrian border,…


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